Electric Vehicle vs. Gas Car Calculator
Are you considering purchasing an electric vehicle? The federal government’s $7,500 subsidy is set to expire at the end of September, but don’t let that be the deciding factor in your decision. While E.V.s may have a higher upfront cost compared to gas cars, they typically have lower maintenance expenses and charging with electricity is often more cost-effective than refueling with gas.
Our calculator takes into consideration the major costs associated with owning an electric vehicle, including fuel/electricity and maintenance expenses. Although we may not cover every possible cost or rebate, we provide you with a rough estimate of greenhouse gas emissions to help you make an informed decision beyond just financial considerations.
Deciding between buying and leasing an E.V. can be complex, but leasing could be a particularly attractive option with current deals available. Additionally, hybrids could be a good long-term cost-saving alternative, although they may not qualify for the same subsidies as electric vehicles.
